Gulf Keystone Petroleum Share Discussion Threads

[pensioner2] 30/6/2022 12:21

Yes, sj89, but you've got to think what would happen if no t/o. Keep on at snail's pace and pay outrageous divis. to greedy shareholders? Would the KRG sanction that?

[giant_canine] 30/6/2022 12:19

I dont think this will be trading at all soon. Delisted at incredibly obvious takeover.

[sunnyjim89] 30/6/2022 12:01

The buyout talk is great but may equally not happen. However on current production rates, FCF generation, potential untapped resource and throw in the political issues. I imagine we could be trading at double easily and still be considered undervalued.

[nestoframpers] 30/6/2022 11:56

Gold stocks down , it's resources that's mustard , having a diverse portfolio is a waste of time it seems.

[pensioner2] 30/6/2022 11:50

Yes, G_C, the pathetic volume would go with that theory. The 10k "sells" are just to keep the lid on, imo.

[nestoframpers] 30/6/2022 11:50

OAP waste of time talking with newbies Re worth of Shaikan , they haven't a clue.

Will we ever see CPR 3 ? I doubt it.

[giant_canine] 30/6/2022 11:49

2 desks selling to each other to control the spread.
Been going on here for years.
Takes plenty of effort to have held this down pre Sale.

[sunnyjim89] 30/6/2022 11:47

10k seller still about.

[giant_canine] 30/6/2022 11:36

P2 it would.
Interesting what they have done regards deliberately changing how they declare dividends.
The impact of that is to leave CFD+SB accounts with less cash than they imagined, as they would have expected a credit pre market today.
It prevents a spike in further leveraged buying today using that new cash.
That may be the reason why they have done it.

[goatcam] 30/6/2022 11:32

Calm down P2, good way to go yet.

[pensioner2] 30/6/2022 11:29

The half-year point would be a neat and tidy time for corporate changes. RNS tomorrow?

[johnbuysghost] 30/6/2022 11:26

It is actually amazing that GKP is still the operator of Shaikan, 13 years later.

A minnow running/overseeing a mega elephant field.

[giant_canine] 30/6/2022 11:25

I believe the double div close together was an effort by the BOD to try and encourage LTH to remain in prior to Sale RNS.
The new NED confirms a deal is on the way , as we have no need for her skillset or experience otherwise.
She has acted in this capacity before:


"Acquisition Corp Wanda Mwaura To Be Newly Appointed as Independent Director"
International General Insurance Holdings Limited (“IGI” or the “Company”;) today named the full Board of Directors who will hold office upon closing of the previously announced business combination with Tiberius Acquisition Corp (“TiberiusR21;) and its public market listing on NASDAQ.

.
with specific expertise in US GAAP, IFRS, SEC and audit committee reporting; internal controls; investments; and business combinations and valuations.

[pensioner2] 30/6/2022 11:17

Yep, clever strategy to pay a divi and then double that amount again a fortnight later. It's not worth it for the usual suspects to sell and re-buy on ex-divi day. What happens after the second payment might be a different matter, if we get that far.

[spawny100] 30/6/2022 11:11

On the negative side is this article worrying to anyone here more knowledgeable than I am on the topic.

Won't let me post link for some reason

Www.iraqoilreport.com/news/halliburton-pledges-to-obey-blacklist-policy-against-krg-oil-sector-44954/

[spawny100] 30/6/2022 11:06

Are we going positive on exdiv day? Bodes well for the new appointment.

[pensioner2] 30/6/2022 11:02

Bot's got hold of the sherry again.

[goatcam] 30/6/2022 10:59

don't take the lord's name in vain

[goatcam] 30/6/2022 10:48

we wont get a good price (unless there is a bidding war), that's why the real size of the reserves have always been kept hush hush.

[thebabe] 30/6/2022 10:42

We won't get any say as we now hugely outnumbered by instis , whomever sits behind top 30 odd %, plus some of the 48% that didn't vote again.I just hope we get a good price.25 quid plus

[0ili0] 30/6/2022 10:39

Wanda might know...😉

ALTERATION OF CAPITAL 49.

The Company may from time to time by Resolution:

49.1 divide its shares into several classes and attach thereto respectively any preferential, deferred, qualified or special rights, privileges or conditions;

49.2 consolidate and divide all or any of its share capital into shares of larger par value than its existing shares;

49.3 sub-divide its shares or any of them into shares of smaller par value than is fixed by its memorandum, so, however, that in the sub-division the proportion between the amount paid and the amount, if any, unpaid on each reduced share shall be the same as it was in the case of the share from which the reduced share is derived;

49.4 make provisions for the issue and allotment of shares which do not carry any voting rights; 23

49.5 cancel shares which, at the date of the passing of the Resolution in that behalf, have not been taken or agreed to be taken by any person, and diminish the amount of its share capital by the amount of the shares so cancelled;

and 49.6 change the currency denomination of its share capital. Where any difficulty arises in regard to any division, consolidation, or sub-division under this Bye-Law, the Board may settle the same as it thinks expedient and, in particular, may arrange for the sale of the shares representing fractions and the distribution of the net proceeds of sale in due proportion amongst the Shareholders who would have been entitled to the fractions, and for this purpose the Board may authorise some person to transfer (or, in the case of shares for the time being in uncertificated form, to take such other steps in the name of the holder as may be necessary to transfer) the shares representing fractions to the purchaser thereof, who shall not be bound to see to the application of the purchase money nor shall his title to the shares be affected by any irregularity or invalidity in the proceedings relating to the sale.